The housing market in Metropolis, IL is quite robust, with a median value of $84,900. This is much lower than the national average of $338,100. However, the one-year appreciation rate for housing in Metropolis is 8.05%, just slightly lower than the US average of 8.27%. This shows that Metropolis is seeing strong growth in the housing market and could be a great opportunity for potential buyers or investors.
The median home cost in Metropolis is $84,900. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Metropolis is up 14.3%.
Average Age of Homes
- The median age of Metropolis real estate is 54 years old
The Rental Market in Metropolis
- Renters make up 35.1% of the Metropolis population
- 2.6% of houses and apartments in Metropolis, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.